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Finance News Australia: latest Australian finance and money news

ASX

Patriot finds high-grade silver and base metal signs at new Elvira target near Tassa in Peru

Patriot Resources’ first-pass sampling at the Elvira sector of its Pachamayo target in southern Peru has returned surface assays including 27.7 g/t silver, 3000 ppm lead and 2550 ppm arsenic from an opaline silica breccia just 2 km from the company’s Tassa resource. The company says the mineral associations point to a classic epithermal system and is planning more mapping and sampling while it waits for drill permits at Tassa.

Market data

  • All Ordinaries

    9,005.40

    +0.41%up

    Data is delayed

  • S&P/ASX 200

    8,885.60

    +0.40%up

    Data is delayed

  • S&P 500

    7,743.98

    +0.28%up

    Data is delayed

Currency

One Australian dollar buys

  • USD0.7054-0.04%down
  • EUR0.6324+0.02%up
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  • Bitcoin$79,690-1.93%down

Updated 29 October 2026 at 3:28 pm. Prices are delayed and for information only.

Business

Wesfarmers chair Michael Chaney urges caution on AI as he prepares to step down

Wesfarmers chair Michael Chaney will leave the role after the group’s annual meeting on Thursday and used his final message to investors to emphasise the company’s conservative, opportunity-driven approach. He warned that artificial intelligence should be treated as a productivity tool rather than a quick route to cost cuts, and flagged rising cyber risks and model costs as areas boards must manage carefully.

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